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Co-operative housing would solve housing crisis

Brilliant article written by David Rodgers, Executive Director of CDS Co-operatives, the largest secondary housing co-operative in England, since 1979.

Highlights:

Mortgage lending is at its lowest ebb for decades as banks rebuild their liquidity and can no longer borrow the cheap money that flowed back to our Western economies from trading deficits with China and other developing Eastern economies: cheap money that created the sub-prime mortgage lending and toxic debt in the USA housing market and the housing market bubbles in the UK, Spain and Ireland that fuelled the global financial crisis of 2008.

housing - New Tenure for a New Kind of Housing Market

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